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At its core, LeverFi is a DeFi platform that allows users to participate in leveraged trading, enabling them to capitalize on market fluctuations using borrowed funds—up to 10x leverage. Additionally, it allows traders to earn yield on their collateral deposits, thereby creating a dual-income opportunity within a single platform. This intermediary role is vital, as it facilitates interactions between traders seeking credit and lenders looking for returns on their deposited assets.
LeverFi distinguishes itself by tackling significant issues in the DeFi domain, such as the lack of sustainable Total Value Locked (TVL) and insufficient utility for tokens. By focusing on these issues, the platform aims to enhance user engagement and liquidity, ultimately contributing to a more robust DeFi ecosystem.